Sensex: Here’s what market experts expect for Indian stock market after US Fed rate hike

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Sensex: Here’s what market experts expect for Indian stock market after US Fed rate hike

The Indian stock market is anticipated to stay nervous even if the US Fed meeting’s outcome was as anticipated because the US Central Bank has not yet made any commitments regarding inflation, which is still significantly higher than the US Federal Reserve considers to be comfortable.

Market analysts believed that the Indian stock market may stay in the base-building zone after the US Fed rate hike and rebound quickly from its current support levels since FIIs are anticipated to become aggressive following the US dollar’s depreciation. After the US Fed raises rates, they claimed that US bond movement will be crucial to monitor.

Avinash Gorakshkar, Head of Research at Profitmart Securities, commented on the impact of the US Fed rate hike on the Indian stock market today. “US Fed rate hike is what the market is expecting,” he said. However, the rate pause that is likely to begin in June was a plus. But in my opinion, the market may continue to be uneasy because the US Fed made no firm commitment to bringing down inflation, which is still significantly higher than its target range of around 2%.

Returning to support levels

Assuming that the base-building phase will last for some time and that present support levels will strongly recover, “Nifty took a pause near 18200 zone witnessing resistance and shed off some of its gains to take a breather closing below the 18100 levels,” said Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher. However, the overall bias and daily trend are still positive, with significant support seen near the 17900–18000 band, and we can anticipate another rebound.

Santosh Meena, Head of Research at Swastika Investmart, commented on the effect of the US Federal Reserve’s rate hike on the Indian stock market today. He said, “The US stock market reacted negatively to it, but there is a sharp fall in crude oil prices, US bond yields, and the dollar index, which is positive for emerging markets. Technically, the Nifty’s supply zone between 18,181 and 22,230 is crucial. Although we may anticipate a drop there, bulls will continue to be in control until the Nifty holds the 17,770 level.

Considering that the US Fed’s rate move is in line with predictions, there won’t be much of an influence on the Indian stock market.

MOFSL’s Head of Equity Strategy, Broking & Distribution, Hemang Jani, stated,  “The  US Fed rate hike seems to be the last one. However, rates could be lowered later only if there is a material fall in economic activity or inflation cools off.”

Since the RBI is no longer raising interest rates and the price of crude oil has fallen, this has caused a sell-off in US markets but may have little impact on India in the short term.

Today’s Indian stock market

As was to be predicted, the Indian stock market is experiencing shaky trading as all three of its major benchmark indices have been straddling the green and red lines.

After almost 45 minutes since the stock market opened today, Nifty Bank is in the red while Nifty and Sensex are in the green. Compared to its previous close, Nifty Bank is down about 39 points, while the Nifty is up 35 points and the BSE Sensex is up 39 points.

Inspiring story of Suman Dua who teaches poor kids for free after her daughter’s tragic death  

Taushif Patel
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Inspiring story of Suman Dua who teaches poor kids for free after her daughter’s tragic death  

Being devoted to helping those in need requires a unique sort of person, and for these two ladies in their 50s, that dedication has taken on a life of its own. These two women have made it their mission to give free education to underprivileged children.

Some people have the fortitude to channel their anguish into something beautiful in a world where tragedy has the power to break us. 50-year-old Suman Dua is one such person, who teaches underprivileged kids for free. Another person, is a 49-year-old mother, Jazzy Kaur, who was inspired to accompany Suman and help the kids. Suman and Jazzy were neighbors who lived in the same area and were linked by a common Sikh ancestry.

Suman used her grief to inspire a wonderful act of compassion that has affected the lives of millions, after she lost her 16-year-old daughter to a tumor. Jazzy Kaur, a mother of two sons, was moved by Suman’s compassion and kindness as well as the difference she was making in the kids’ lives. Suman’s generosity has had a significant impact, giving kids the chance to learn and develop who might not have otherwise had the chance. Suman’s generosity has had a significant impact, giving kids the chance to learn and develop who might not have otherwise had the chance.

Suman and Dua started tutoring poor kids in their own home and asked them to take all of their classes. Suman and Jazzy Kaur started serving the kids in their EWS neighborhood after they met.

They persuaded the adjacent Shree Niketan School to admit these children without charging an admission fee and only charge a minimum amount toward the entire cost of their tuition. Even when they were in school, they continued to teach the children after school to help them catch up on the fundamentals and to provide them extra support.

Suman and Dua solicited money from the neighborhood to buy these kids school supplies like tiffins, shoes, and clothing. Suman and Dua started tutoring poor kids in their own home and asked them to take all of their classes. Suman and Jazzy Kaur started serving the kids in their EWS neighborhood after they met.

They persuaded the adjacent Shree Niketan School to admit these children without charging an admission fee and only charge a minimum amount toward the entire cost of their tuition. Even when they were in school, they continued to teach the children after school to help them catch up on the fundamentals and to provide them extra support.

With Jazzy’s assistance, Suman’s perseverance and hard effort were successful in enrolling more than 50 children in school. These children are now flourishing in their studies and learning to read and write.

Alibaba’s Jack Ma has become a teacher after disappearing from public life

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Alibaba’s Jack Ma has become a teacher after disappearing from public life

Jack Ma, the co-founder of Alibaba has become a teacher in Japan. Ma has joined Tokyo College, where he will teach about sustainable agriculture and food production.

One of his first public positions since fading from view in 2020, Alibaba co-founder Jack Ma has accepted a teaching position in Japan.

Ma’s new position will involve conducting research on sustainable food production and agriculture, according to a Monday announcement from Tokyo College.

The former richest man in China, the tech tycoon, would also “share his rich experience and pioneering knowledge on entrepreneurship, corporate management, and innovation” in seminars at the institution administered by the University of Tokyo.

Beginning May 1, Ma will serve as a visiting professor. The 58-year-old is back in the classroom after leaving Alibaba in September of this year. Before helping to start Alibaba, the billionaire spent some time teaching English.

Ma announced in May 2019 that he would return to the classroom following his September 2019 retirement from Alibaba. He claimed at the time that he was going back to his origins since he loved his job.

Ma has returned to the spotlight more than two years after upsetting the Chinese government with a speech in which he lambasted the country’s financial regulatory structure and asserted that Chinese banks were run with a “pawnshop” mindset.

Days later, his fintech company Ant Group’s $37 billion IPO was called off.

An expanded campaign against tech companies in the nation was started after Ant’s IPO was cancelled.

Alibaba’s stock price was under pressure as a result, falling more than 70% from its peak in 2020. According to the Bloomberg Billionaires Index, Ma’s wealth has declined from a peak of $61 billion in October 2020 to an estimated $33 billion.

Ma, who was formerly a well-known jet-setter, has been hiding away since then, which has led to a lot of intense conjecture about his whereabouts.

Ma was observed in Japan in November 2022, where he spent much of his time socializing at a number of exclusive clubs.

He was observed in Bangkok, Thailand, in January, where he dined at a street food establishment with a Michelin star and witnessed a Muay Thai match. In January, he also appeared in Hong Kong.

Since returning to the school he founded in his hometown of Hangzhou, east China, in March, Ma has been gaining more attention. He was given the honorary title of professor at the University of Hong Kong in April. 

 He was observed in Bangkok, Thailand, in January, where he dined at a street food establishment with a Michelin star and witnessed a Muay Thai match. In January, he also appeared in Hong Kong.

Since returning to the school he founded in his hometown of Hangzhou, east China, in March, Ma has been gaining more attention. He was given the honorary title of professor at the University of Hong Kong in April. 

Is Ms Dhoni retiring from IPL? the CSK captain made major announcement

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Is Ms Dhoni retiring from IPL? the CSK captain made major announcement

Chennai Super Kings and Lucknow Super Giants will square off in the IPL 2023’s 45th game. Mahendra Singh Dhoni, the captain of CSK in this game, chose to bowl first after winning the toss. One of the greatest captains in history is Dhoni. The CSK team won the IPL championship four times while he served as captain. Everyone believes that Dhoni’s final season in the IPL could be in 2023. The retirement announcement he made at the moment of the toss was also a significant one.

Dhoni made a powerful statement.

At the time of the toss, Mahendra Singh Dhoni, the captain of the Chennai Super Kings, remarked that everyone knew the wicket was covered. It seems a little challenging. So let’s bowl first, please. You also need to consider other factors. Being healthy, Deepak Chahar is rejoining the team. When asked if he was enjoying Farewell, Dhoni replied, “Yes.” You have chosen that this will be my final IPL, he remarked in response. No, I didn’t. He then begins to laugh.

CSK won a lot of games

With his cool head and shrewd intelligence, Mahendra Singh Dhoni has helped the CSK club win numerous games. He is an expert at using DRS.

He has led the team in 220 IPL games, 120 of which they have won. At the same period, they have lost 90 games. The CSK squad has won the IPL title in the years 2010, 2011, 2018, and 2021 when Dhoni has served as captain.

Intense batting in the final few overs

In the last over, Mahendra Singh Dhoni is renowned for batting quickly. In the IPL’s 20th over, he is the batter who has struck the most sixes. He has now struck 59 sixes in the IPL’s 20th over. He has the capacity to dismantle any bowling strategy. In 243 IPL games, he has amassed 5052 runs, including 24 half-centuries.

One more Amul can be created every year even with minor shift to packaged milk says Amul’s MD

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One more Amul can be created every year even with minor shift to packaged milk says Amul’s MD

During the recent Food Conclave 2023 in Hyderabad, media representatives spoke with the Managing Director of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), the company behind the Amul brand, about topics such as new strategies for the development of the dairy market, the one region, one product concept, margin pressures, and some Amul-related controversies.

The person who followed RS Sodhi as the chieftain, Jayen Mehta, would know better than anybody else how difficult it is to hold the position of Amul Managing Director. Amul, a symbol of the white revolution in India, has experienced its share of controversy. Mehta remarked, “We take controversy in stride.

Here are a few excerpts from the conversation:

Amul is the best child of debate. You appear to be drawing controversies like nobody’s business. So, how do you handle that while in this circumstance?

The most crucial information in this book is that Amul handles issues with facts and composure. The objective is to present the truth regarding any topic, and the goal is to collaborate regularly with producers and customers throughout the entire nation. As a result, the brand may survive, remain relevant, and occasionally even profit from controversies.

The Amul brand has long been regarded as revolutionary. People are still bringing up the sachet economy nowadays. What do you think of the idea of a sachet economy with more competitors?

Consumers have historically been moving away from loose, unorganized sectors and toward packaged, branded goods in urban regions. Post-Covid, this transition has been expedited throughout India, with companies like Amul offering high-value goods at competitive costs.

Even 5% of Indians switching from loose milk to packaged milk each year might result in the creation of a new Amul, a $9 billion corporation that produces close to 300 lakh liters of milk every day. 

We can clearly feel this transition taking. Hence, Amul is taking advantage of this chance to grow by developing its milk processing capabilities, visiting many areas, and urging more farmers to join organized co-operative dairy. They are taking advantage of this chance to get traction and expand their business so that both the manufacturers and the consumers profit.

The industry is discussing regionally tailored categories right now. What exactly does “one region, one product” mean?

For producers to meet this need by building a portfolio around them, the idea of premium items is crucial. Products like paneer and buffalo mozzarella are valued more highly than normal cheese on a worldwide scale. By adding value and overcoming the technological difficulties of manufacturing pure cow milk, Gir cow milk, or pure buffalo milk, this unmet demand can be communicated at a higher value to the customers. We are collaborating with camel breeders in the Kutch region to expand that market.

Where do we expect growth amid greater pressure to enhance milk production?

Given that the consumer shift is supporting it, the opportunity for the organized sector and all of the stakeholders is enormous.  The entire supply chain, from feeding the cows in the villages to building cutting-edge processing facilities and milk delivery networks, will contribute to growth.

With fresh products having a 48-hour shelf life sent from the plant to the market, ambient products moving at room temperature, chilled products like butter, cheese, and chocolates moving at 0-4°c, while ice cream and frozen range at -20°c, we have a special supply chain to handle milk and milk products in all four different distribution highways. As we work with millions of producers and provide value to our millions of consumers, we conduct business in a cost-effective manner.

Boost your child’s immunity: You can raise healthy kids with superfood Ragi

Taushif Patel
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Boost your child’s immunity: You can raise healthy kids with superfood Ragi

The only way for children to develop into physically and cognitively robust adults is if they are fed foods that are rich in nutritive components from an early age. This will help you boost your child’s immunity. From the age of six months, some of these foods that can foster physical development should be introduced to children for proper development. can maintain their health.

One such wholesome and incredibly nourishing grain is ragi. Yes, children’s physical development will improve in every way if they are fed ragi that is high in fiber, calcium, and protein. Tell us about the advantages of ragi for kids.

One of the superfoods for young children is ragi. It can be properly fed to infants if their weight is not properly increasing. Small children’s immune systems are also not fully developed, so they require a variety of nutritive components to help them grow and strengthen. Ragi is an extremely nutritious vegetable that is packed with numerous beneficial nutrients. It can be forced upon little infants after consulting a dietitian.

Calcium is abundant in ragi. Even in comparison to other grains, it contains the most calcium. Children in this condition can strengthen their bones by ingesting ragi-based foods. Bone wellness is preserved. Additionally, ragi contains a significant amount of vitamin D.

For the normal growth of the kids’ bones, both of these are crucial. Additionally, it increases bone density.

Ragi has a high protein content, which prevents youngsters from lacking in important nutrients. Children do not suffer from malnutrition as a result. It is the finest diet for vegetarians because it is a good source of ragi protein.

Ragi has a lot of natural iron, which prevents anemia from developing in the body. Its use can stop anemia in its tracks. When vitamin C is consumed, the body absorbs iron more readily. Ragi, when sprouted and given to young children, contains vitamin C, which makes it easier for the body to absorb iron.

The entire supply chain, from feeding the cows in the villages to building cutting-edge processing facilities and milk delivery networks, will contribute to growth. We have a special supply chain to handle milk and milk products in all four distinct distribution

Ragi contains a significant amount of dietary fiber. In this instance, it promotes digestion. helps to maintain healthy digestion. aids in regular bowel movements that don’t lead to constipation. Infants and kids between the ages of 8 and 10 are frequently affected by the condition of constipation.

If you give them roti and ragi-based khichdi, there won’t be any constipation, their digestive systems will be in good shape, and the babies’ ability to digest food will improve.

Children’s weak immunity makes them susceptible to illness. You must add items made of ragi in their diet in this circumstance. Ragi increases resistance, offering defense against a variety of infectious illnesses. This will help you boost your child’s immunity.

Elon Musk says US banks are sitting on huge losses, warns of ‘severe recession’

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Elon Musk says US banks are sitting on huge losses, warns of ‘severe recession’

Elon Musk, the business tycoon who has taken Twitter down the path to doom, has warned that American banks are sitting on massive unrealised losses. Speaking on Sunday, Musk said severe recession will be triggered by US Federal Reserve’s further rate hikes.  He also said there are warning signs to be seen.

This was Musk’s reply to a tweet from former US Treasury Secretary Lawrence Summers, who said, “If the Fed continues to do what’s necessary to contain inflation, a slowdown is likely.” The chances of it happening in the next 12 months are pretty substantial, probably 70%.”

“Fed data has excessive latency.” A mild recession has already begun. It’s not just the canary in the coal mine (SVB) that has died; one of the most steadfast miners (Credit Suisse) has also perished, and the cemetery is quickly filling up! Further rate increases will cause a devastating recession. “Mark my words,” Musk responded to Summer on Twitter.

Musk was referring to the demise of Silicon Valley Bank and UBS’s acquisition of a historic banking firm such as Credit Suisse.

Another smaller bank, First Republic, failed last week despite receiving $30 billion in rescue funds from 11 major US banks. First Republic had $213 billion in assets at the end of the December quarter 2022, with around $167 billion in loans and $32 billion in bonds. First Republic, like Silicon Valley Bank, failed under the weight of bad loans and assets that lost value when the Federal Reserve began aggressively raising interest rates. Not only them, but many other banks in the United States, both regional and national, are sitting on large unrealized losses from such investments, because bond prices and interest rates are inversely proportionate to each other, particularly for long-term treasury bonds.

During a bank run, these unrealized losses must be realized by the banks in order for them to provide liquidity to their consumers.

Musk also implied that the Fed’s data is behind the curve of what is truly happening in the current circumstance. According to Huduser.gov, the principal source for American federal government data and information, national employment figures are provided one month late. Similarly, there are other indicators that have a perceived delay or, in Elon Musk’s words, ‘latency’ in their figures and are used by the Fed to determine rate hikes.

“Elon’s Tweet”

This is critical to grasp because, if the Fed decides to raise interest rates in May based on March data, Musk believes the Fed is far behind in terms of information about the current market scenario. “Between Tesla, Starlink, and Twitter, I may have more real-time global economic data in one head than anyone ever,” Elon Musk added in another tweet.

Markets continue to expect another 25 basis point rate hike this week, when the FOMC meets on May 2 and 3. According to the CME Fed Watch tool, the probability of another 25 basis points on May 3rd is 87.3%, with no change in rates at 12.7%.

Why Satyajit Ray called Hindi film audience ‘backward, unsophisticated’

Taushif Patel
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Why Satyajit Ray called Hindi film audience ‘backward, unsophisticated’

On the anniversary of his birth, we look back at the interview in which Satyajit Ray described the Indian audience as being ‘unsophisticated’ and discussed their lack of exposure.

The 102nd birthday of the renowned writer, director, and artist Satyajit Ray is May 2. In addition to many others, he is also known for classic movies like Pather Panchali (1955), Charulata (1964), and Ghare Baire (1984). The director has a reputation for speaking his opinion. We examine his remarks about the crowd in honor of his birthday. At the time, he remembers dealing with criticism for the Devi film, which starred Sharmila Tagore.

In 1989, Satyajit spoke with French journalist Pierre Andre Boutang about the movie in his 1960 film. In the movie, Sharmila played a young woman who is thought to be an avatar of the goddess Kali alongside Soumitra Chatterjee and Chhabi Biswas.

In the previous interview, Satyajit stated, “I once made a movie called the goddess Devi, which dealt with religious dogmatism. It didn’t condemn religion per se; rather, it targeted dogmatism, the extreme version of religion.However, some are claiming in the media that Mr. Ray is not a Hindu and that his films are hostile to Hinduism. However, because they are illiterate, you cannot consider them. India sees a lot of instances like these.

If you look at the public as a whole, we have a rather backward audience despite the film society movement and everything else.

“An unsophisticated audience, exposed primarily to commercial Hindi cinema,” he continued. You are therefore faced with this issue, but you continue to make the types of movies that you want to, just as I do. I can only produce the types of movies that capture my interest and inspire my creativity.

‘Dhai kilo ka haath’ : How Sunny Deol played a heavier role than Rishi Kapoor in Damini

Taushif Patel
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‘Dhai kilo ka haath’ : How Sunny Deol played a heavier role than Rishi Kapoor in Damini

People still have fond memories of the actors and characters from the 1993 smash hit “Damini.” Rajkumar Santoshi directed the movie. The principal role was shared by Meenakshi Seshadri and Rishi Kapoor. But Sunny Deol stole all the attention. Rishi Kapoor played the lead role, but he was unable to win any awards; Sunny Deol, however, was not only adored by the audience for his brief but impactful performance, but also won the National Award for it.

The movie’s catchphrases “Dhai kilo ka haath” and “Tarikh pe tarikh,” said by Sunny Deol, are still remembered by audiences today. ‘Damini’ hasn’t been seen in theaters in thirty years.

. On April 30, 1993, the movie opened in theaters. The movie’s main protagonist was Rishi Kapoor. He claimed that the position he played in the movie was that of a “protective husband,” which he found to be rather difficult. However, he felt that Sunny Deol should receive all the credit after seeing the film’s premiere.

The names of Kareena-Karisma’s grandmother and the other five daughters-in-law of the Kapoor family are also listed.

Sunny Deol as a lawyer in the movie “Damini.” He had a Longer Guest Appearance in the movie. In his autobiography “Khullam Khulla,” Rishi Kapoor told an experience pertaining to this movie. He had stated in the book that there will be two people in addition to him.

He had stated in the novel that there would be two separate protagonists in Damini, one an alcoholic and the other a crazy. However, both were later merged, and Sunny Deol played this character. Sunny Deol’s character was strong.

Sunny Deol, according to Rishi Kapoor, was a more dependable artist than him at the time. “Though I was supposed to be the hero of the film and Sunny had a guest appearance in it, he got applause and applause in the end,” Rishi explained. This demonstrates how strong his character was. Rishi Kapoor struggled to perform his persona.

Rishi Kapoor went on to say that the audience could readily recognize Sunny Deol and his role.

“It’s a difficult job to play a character and still look different,” he wrote. Maybe Sunny was better than me, and his performance wowed the audience more. However, playing my character was more difficult than playing his. Because he was attempting to achieve a balance in the picture between a wife, brother, and mother. While Sunny was playing the same role.

BJP national VP predicts “bigger change” in Maharashtra  politics; says NCP’s “survival is in jeopardy”

Taushif Patel
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BJP national VP predicts “bigger change” in Maharashtra  politics; says NCP’s “survival is in jeopardy”

NCP’s “survival is in jeopardy,” according to BJP national vice-president Dilip Ghosh, who declared this on Tuesday.

Tuesday, BJP national vice-president Dilip Ghosh predicted a “bigger change” in Maharashtra politics as NCP president Sharad Pawar revealed his intention to stand aside as the party’s leader.

There has been some unrest in Maharashtra politics for a number of days, according to Ghosh. Some discussions have been going on…This is the outcome of it. NCP’s continued existence is under danger, he continued, as Sharad Pawar is eroding in influence.

What will happen to Sharad Pawar’s nephew now that he is stepping down as party leader?

By unexpectedly announcing his resignation as NCP president on Tuesday afternoon, Pawar changed the political landscape in Maharashtra. Speaking at the Yashwantrao Chavan Pratisthan in Mumbai for the book launch of his autobiography, Pawar remarked that it is “time for a new generation to guide the party” and that “it is necessary to take a step back after a long period.”

Pawar addressed the crowd of nearly 600 party men, “After such a lengthy career, a person should also think of stopping at some point.

He claimed, however, that he would not stop participating in politics. “Even though I’m leaving my position as president, I’m still going to be active in society.

I’ll keep going to meetings and public events, Pawar declared. Pawar’s nephew Ajit Pawar stated that the NCP president would now take “two to three days to reconsider his decision” after the statement caused emotional NCP workers to organize protests and threaten suicide across the states.

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